Phreesia Acquires Access, Expanding Its Offerings For Acute-Care Hospitals And Continuing To Drive Efficiency And A Better Patient Experience

Aug 14, 2023•almost 2 years ago

Acquiring Company

Phreesia

Acquired Company

Access eForms

WilmingtonHealth CareInformation TechnologyMedicalBiotechnologyInformation TechnologySoftware

Description

Phreesia, a leader in patient intake, outreach and activation, is pleased to announce it has acquired Access eForms, an innovative electronic forms management and automation provider that helps hospitals across the country streamline workflows, improve compliance and deliver a better patient experience.

Company Information

Company

Phreesia

Location

Wilmington, Delaware, United States

About

Phreesia is the trusted leader in patient activation, giving providers, health plans, life sciences companies and other organizations tools to help patients take a more active role in their care. Founded in 2005, Phreesia enabled more than 120 million patient visits in 2022–more than 1 in 10 visits across the U.S.–scale that we believe allows us to make meaningful impact. Offering patient-driven digital solutions for intake, outreach, education and more, Phreesia enhances the patient experience, drives efficiency and improves healthcare outcomes. To learn more, visit phreesia.com.

M&A Insights

Based on deal data

Integration timeline

70% of M&A integrations take 12-24 months to complete

Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

Success factor

M&A deals with strong technology integration plans are 2.5x more likely to succeed

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